Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1315.5900 (4.06%) ($1315.5900 - $1325.6800) on Fri. Mar. 31, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.56% (three month average) | RSI | 70 | Latest Price | $1315.5900(4.06%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.2% a day on average for past five trading days. | Weekly Trend | MELI advances 2% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) VUG(54%) XLY(54%) IWF(53%) QQQ(53%) IVW(52%) | Factors Impacting MELI price | MELI will decline at least -1.28% in a week (0% probabilities). VXX(-42%) VIXM(-39%) UUP(-13%) TBT(-8%) BNDX(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.28% (StdDev 2.56%) | Hourly BBV | 1.3 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1239.22(6.16%) | 10 Day Moving Average | $1218.24(7.99%) | 20 Day Moving Average | $1214.22(8.35%) | To recent high | 0% | To recent low | 58.5% | Market Cap | $65.398b | | | | MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina. |